foreign currency

[ironsniper1]

does anyone know of any place that can exchange us dollars for foreign currency in the nashville area?

[Caster]

http://www.yellowpages.com/nashville-tn/foreign-currency-exchange

[Dane]

Pick any major bank.


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[No_0ne]

,,, we don't need no stinkin' foreign dollars...

[ironsniper1]

Pick any major bank.


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only issue with that is they want you to have a membership to do so and most of them want you to have a certain amount and to put in a certain amount in all the time and i dont make enough money to do that

[R1100R]

Not following what your talking about.  Most of the time I just order it from my bank before a trip. Or I get it in country. Most major Airports have a exchange.

You will pay different rates due to changes daily, plus a service charge. 

[monkeylizard]

Not following what your talking about.  Most of the time I just order it from my bank before a trip. Or I get it in country. Most major Airports have a exchange.

You will pay different rates due to changes daily, plus a service charge. 

 

This.

 

There's a currency exchange counter at the Nashville airport before the security checkpoints if you don't have a bank and don't want to wait until you get to wherever you're going. I'd assume they're more geared to exchanging incoming foreign guests' currency to US dollars, but they'll probably have a supply of the major foreign currencies.

 

Currency Exchange at Nashville BNA Airport - Available through the Business Service Center (Wright Travel) located before C/D checkpoint, tel.  615-275-2660; and at
SunTrust Bank on ticketing level.

Edited November 25, 2013 by monkeylizard

[enfield]

I have some pesos I'll sell ya cheep!

[Guest nra37922]

Don't take a lot of currency. Use your credit and debit card instead.

[ironsniper1]

im not traveling my gf wants to invest in foreign currency

[enfield]

I had my credit card number stolen in Canada at a 'petrol' station.  I'll carry more cash the next time.

[Sam1]

im not traveling my gf wants to invest in foreign currency

Money traders go broke fast like... Doing it in person with all the fees will accelerate that one. The reason? Politics impact exchange rates in addition to everything else and you never know what's gonna happen.

[No_0ne]

Playing the exchange game is a really neat way to bank a cool million...

 

 

 

 

 

... that is,  providing you start out playing with 2 million.

[Guest RebelCowboySnB]

Trading is one thing, diversifying your assets is another...

[Sam1]

Trading is one thing, diversifying your assets is another...

 

Normally people diversify in things that are not so volatile, money is about as volatile as it gets.

[monkeylizard]

Two kinds of people make money trading currency.

1. Professional currency traders
2. Currency exchangers

All others are lucky if they break even.

 

There are mutual funds that invest heavily (if not exclusively) in currency swings. That's the best bet for someone not in one of the two categories above. There's money to be made in it, but the risks are high and the returns are rarely impressive enough to warrant the risk.

[Guest RebelCowboySnB]

Normally people diversify in things that are not so volatile, money is about as volatile as it gets.

I dont disagree but dont think someone that wants to hold on to some cash from other countrys the same as someone who is trading cash to play the market.

[monkeylizard]

Anyone got any South African Krugerrands they'd like to sell me cheap?  :)

[DaveS]

im not traveling my gf wants to invest in foreign currency

Please do not let her invest in Iraqi Dinar. It's the biggest scam going right now!

 

DaveS

[Guest Riciticky]

I once owned over 6 million iraqi dinars. Now I only own about 1150.

[Wyldk2]

Investing in foreign currency is just like investing in american currency. Unless it is backed by real value it basically is worthless if you rely on it being valued by the word of the government.

 

Invest in Gold and silver, or ammo ( as of lately).

 

Only currency that really is worth something would be the pre-1960's silver laced coins or some sort of rare currency. In order for something to be valuable it has to be in demand and in very little quantity.

[DaveS]

Instead of investing in foreign currency, keep you money here and invest in American made firearms. JMHO is all.

 

DaveS

[Guest Riciticky]

Investing in foreign currency is just like investing in american currency. Unless it is backed by real value it basically is worthless if you rely on it being valued by the word of the government.

 

Invest in Gold and silver, or ammo ( as of lately).

 

Only currency that really is worth something would be the pre-1960's silver laced coins or some sort of rare currency. In order for something to be valuable it has to be in demand and in very little quantity.

Yes, I buy .999 silver when I have extra cash. Troy ounces.  Paper or electronic money won't be worth squat if SHTF!

[Dane]

Yes, I buy .999 silver when I have extra cash. Troy ounces. Paper or electronic money won't be worth squat if SHTF!

If the SHTF neither will silver. Can't eat it, stay warm with it, nor use it for clothing. Might be able to cast it as a bullet?


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[monkeylizard]

nor use it for clothing.

 

Someone should tell Elton John. I don't think he got that memo.